Russia Is Punyhttp://www.businessinsider.com/russias-small-global-economic-footprint-2014-8/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Mon, 19 Mar 2018 09:25:02 -0400Sam Rohttp://www.businessinsider.com/c/53ec92ca6bb3f7e3491f422aethanhuntThu, 14 Aug 2014 06:43:22 -0400http://www.businessinsider.com/c/53ec92ca6bb3f7e3491f422a
Relative to the U.S. and other developed economies, the EU has much more at risk.
So who are these other develop economies? Japan, South Korea, Australia? who else?http://www.businessinsider.com/c/53ea69ba6da811127be668ebJack GoldbergTue, 12 Aug 2014 15:23:38 -0400http://www.businessinsider.com/c/53ea69ba6da811127be668eb
"Russia's recent activities have captured the attention of the world" - No, that's not true. It's only captured the attention of the Western countries which are always so busy in interfering with the political fate of other countries that do not concern them., just take a good look at Malaysia. They didn't even show any outrage when their plane was shot down. Instead, countries that don't even have a citizen of their own in the downed plane are condemning Russia. Some people just do not know how to lay off and mind their own business.http://www.businessinsider.com/c/53ea0f356bb3f79c446a5f11Chargeon2Tue, 12 Aug 2014 08:57:25 -0400http://www.businessinsider.com/c/53ea0f356bb3f79c446a5f11
Possession of thousands of nukes and apparent willingness to exert power in neighboring countries makes Russia anything but "puny". Yes, Putin has an exaggerated sense of importance, but he is playing two very important cards. First, he has Europe in an energy stranglehold and he will invade Ukraine, Georgia or any other country that pursues a pipeline build out, in order to maintain that monopoly. Energy self-sufficiency is at least 30 years away in Europe and the US export of LNG is perhaps 4 years away. European winters are tough, even with heating products. His second card is that the Russian people adore strong leaders. Stalin killed something like 25 million Russians and Ukrainians and they still worship him to this day. Why?...because he was a conqueror and that resonates in that culture. The people are mostly behind Putin, even though he has robbed to public and private coffers blind, because he is a despot.http://www.businessinsider.com/c/53e9d0f5eab8ea3b05e15505OneTue, 12 Aug 2014 04:31:49 -0400http://www.businessinsider.com/c/53e9d0f5eab8ea3b05e15505
That is what Russia is imposing sanctions for now. A bit delayed. Russian man harnesses the horse slowly but drives fast.http://www.businessinsider.com/c/53e9d07a69beddf5506a5f1aOneTue, 12 Aug 2014 04:29:46 -0400http://www.businessinsider.com/c/53e9d07a69beddf5506a5f1a
You are not allowed to have Niva. You are not even allowed to have vacation in Cuba.http://www.businessinsider.com/c/53e969606bb3f71a2835c05eSo TrueMon, 11 Aug 2014 21:09:52 -0400http://www.businessinsider.com/c/53e969606bb3f71a2835c05e
You are right about Russia, but you know, they do have all the natural gas Europe needs this winter. I guess that gives you an opportunity to bully.http://www.businessinsider.com/c/53e9396969bedd863da02e99allah_speakingMon, 11 Aug 2014 17:45:13 -0400http://www.businessinsider.com/c/53e9396969bedd863da02e99
too little too late....http://www.businessinsider.com/c/53e938f06da8112b08273a38allah_speakingMon, 11 Aug 2014 17:43:12 -0400http://www.businessinsider.com/c/53e938f06da8112b08273a38
+1000http://www.businessinsider.com/c/53e936526da811b27a273a40Thinking PersonMon, 11 Aug 2014 17:32:02 -0400http://www.businessinsider.com/c/53e936526da811b27a273a40
The more appropriate term for the Crimea move would be "reunification" with Russia.http://www.businessinsider.com/c/53e934db69beddb024a02ea7RussyMon, 11 Aug 2014 17:25:47 -0400http://www.businessinsider.com/c/53e934db69beddb024a02ea7
Yes but you missed the whole point and agenda of russian govt. The goal is to put an end to patrol dollar. so if one country finally can achieve that and stops selling oil reserve and gas for valueless paper other countries will follow and thats going to be an end to the us dollar...http://www.businessinsider.com/c/53e933e56bb3f73e4235c064Thinking PersonMon, 11 Aug 2014 17:21:41 -0400http://www.businessinsider.com/c/53e933e56bb3f73e4235c064
"Its role in destabilizing Ukraine has earned it economic sanctions from the U.S. and the European Union."
How come that none of the other countries have earned economic sunctions for destabilizing Yugoslavia, Iraq, Afghanistan, Libya, Syria, Ukraine etc?http://www.businessinsider.com/c/53e92dab6bb3f7bf3535c05ebukMon, 11 Aug 2014 16:55:07 -0400http://www.businessinsider.com/c/53e92dab6bb3f7bf3535c05e
"Russian middle class is doing better under Putin" As opposed to under whom? Yeltsin? Lol...Prior to either of those clowns, there was no middle class in Russia. What his shortness is doing gleams a pullback to more communist ideals with a faux free society face. State owned news, state owned power, state owned everything. Opposition regularly murdered or jailed, stripped of money. Censorship everywhere. No sorry...life in Russia pretty much sucks. Ask an ex-pat...
Russia produces about zilch and exports less than zilch. The energy reserves it has (and it does have a ton locked up in Siberia) are soon to become worthless. With so much natural gas and shale oil being found all over the globe...PLUS the huge leaps in solar production technology will kill Big Oil's desire to go after it.
I know quite a few former Russians...A strange lot they are. Fun and interesting to talk to, but yeah...weird
You can bash the American media all you want...most of us know how ridiculous and sensational they are.
BTW...Reading all the SVR troll (aka KGB) comments is entertainment in itself. How much do they pay you guys to surf the web all day? I hope it's enough to afford that Niva lease and a summer vaca in Crimea!
Seriously, I'd love to have a Niva!http://www.businessinsider.com/c/53e92a3e6bb3f7ff2135c060BabyfacemageeMon, 11 Aug 2014 16:40:30 -0400http://www.businessinsider.com/c/53e92a3e6bb3f7ff2135c060
It happens to be accurate. More than 50% of Russia's GDP comes from energy sales. Note that you can't buy a Russia car, computer, cell phone, pharmaceutical, appliance, etc anywhere in the western world. The reason is because Russia has an absolutely pathetic manufacturing ability compared to most western countries. They couldn't even build their own aircraft carriers which is why they are trying to buy some from France. Ukraine actually is who built most of the ships for the Soviet Navy and now that the Soviet Navy is no more, Russia has no good shipbuilders. This by the way, is one of the reasons why Russia is so interested in eastern Ukraine, including Crimea. It is where the ship manufacturing companies and employees are.http://www.businessinsider.com/c/53e92988eab8ea435bcb91bdBabyfacemageeMon, 11 Aug 2014 16:37:28 -0400http://www.businessinsider.com/c/53e92988eab8ea435bcb91bd
There are other energy exporters besides Russia. Russia needs to sell its oil and gas...it's the main industry in Russia and without it they would go bankrupt. In fact the west can choose to buy their oil and gas from multiple sources while Russia MUST sell theirs. A ban on Russian oil and gas would put Russia out of business for a long, long time.http://www.businessinsider.com/c/53e91f3feab8eaf429cb91c1UnionLeagueMon, 11 Aug 2014 15:53:35 -0400http://www.businessinsider.com/c/53e91f3feab8eaf429cb91c1
Russia won't shut the spigot because it funds itself through hydrocarbon sales. No sales, the Government goes. down.http://www.businessinsider.com/c/53e9128a6da8110a43273a36goosh69Mon, 11 Aug 2014 14:59:22 -0400http://www.businessinsider.com/c/53e9128a6da8110a43273a36
So? The global price will be the global price, no matter WHERE the Russians sell their oil. The US and EU will pay the exact same price, just to someone else.
Methane is another story, for now. But longer term, LNG makes that irrelevant too.http://www.businessinsider.com/c/53e90bf4eab8eac063cb91bbSamantha Mon, 11 Aug 2014 14:31:16 -0400http://www.businessinsider.com/c/53e90bf4eab8eac063cb91bb
Add a comment...how much suffering?? you are being arrogant & condescending,...Putin has improved Russia & the Russians currently give him a 87% approval rating.any chance they may know better than you whats good for them???
Obama's approval rating is ??? right,not 87%..http://www.businessinsider.com/c/53e908bfecad04a22835c060JJ-RMon, 11 Aug 2014 14:17:35 -0400http://www.businessinsider.com/c/53e908bfecad04a22835c060
No, it's Russia who's playing bully. Dumb bully.
And just because of one reason. Russia is archaic, outdated. Forever.
And with all its resources and power Russia will never achieve living standards of average european country. That's why Russia compensates it with war and repression of neighbouring nations.
While most of the world is learning how to be better and more competitive, Russians are just playing ignorant thugs. North Korean psychodelic trip is ahead.http://www.businessinsider.com/c/53e903c769bedd6353a02e99VodkaBearMon, 11 Aug 2014 13:56:23 -0400http://www.businessinsider.com/c/53e903c769bedd6353a02e99
Should I start reciting the absurd amount of anti-american propaganda on Russian news on daily basis???? Because Russia has been drooling over every move has been making on the news for years. My favorite news was Kiselev claimed US soldiers in Iwo Jima were GAY. LMAO. Thats some
<a href="http://www.dailymail.co.uk/news/article-2556049/Prominent-Russian-news-anchor-suggests-U-S-Marines-depicted-Iwo-Jima-Memorial-gay-CNN-calls-Russian-WWII-memorial-ugly.html" target="_blank" rel="nofollow" >http://www.dailymail.co.uk/news/article-2556049/Prominent-Russian-news-anchor-suggests-U-S-Marines-depicted-Iwo-Jima-Memorial-gay-CNN-calls-Russian-WWII-memorial-ugly.html</a>http://www.businessinsider.com/c/53e8ef42ecad04454635c05ertyrtyMon, 11 Aug 2014 12:28:50 -0400http://www.businessinsider.com/c/53e8ef42ecad04454635c05e
That is great logic except that global supply is not rising but global demand is.http://www.businessinsider.com/c/53e8edf36da811ff0b273a38patchyfogMon, 11 Aug 2014 12:23:15 -0400http://www.businessinsider.com/c/53e8edf36da811ff0b273a38
And JJJJ.
Youse guys are right. They'll get food. On Russia's import ban...then there's just the diplomatic gamesmanship factor...http://www.businessinsider.com/c/53e8ed8deab8eafb62cb91c2JJJJMon, 11 Aug 2014 12:21:33 -0400http://www.businessinsider.com/c/53e8ed8deab8eafb62cb91c2
Russian standard of living, GPD per capita and life expectancy have all dramatically improved under Putin's administration.http://www.businessinsider.com/c/53e8ea12ecad04b72335c065krypticMon, 11 Aug 2014 12:06:42 -0400http://www.businessinsider.com/c/53e8ea12ecad04b72335c065
The Germans are paying 1% on their country's debt. Not too bad.
Yes, there is a measurable impact on the German economy from the Russian sanctions, but the impact is small, of the order of bad weather, and that's the point of the article. Not zero impact, but not very significant either. Certainly worth the political and diplomatic benefit of the sanctions.http://www.businessinsider.com/c/53e8e967eab8eaaf50cb91bbkrypticMon, 11 Aug 2014 12:03:51 -0400http://www.businessinsider.com/c/53e8e967eab8eaaf50cb91bb
The Europeans are waking up to the reality to too much reliance on Russia for natural gas is very unwise.http://www.businessinsider.com/c/53e8e1786da811dd4e273a3agoosh69Mon, 11 Aug 2014 11:30:00 -0400http://www.businessinsider.com/c/53e8e1786da811dd4e273a3a
That makes ZERO sense. Russians need to sell their oil and gas to SOMEONE. If they refuse to sell it to the U.S. and Europe, then the countries to whom they DO sell it will no longer buy as much or any from other countries...leaving the U.S. and Europe free to buy from those other countries. Oil, especially, is a global market. This is why the Arab oil embargo in the 1970s ultimately did not work. More oil sold to China from Russia means less Indonesian oil sold to China, leaving more Indonesian oil to be sold to EU nations. This is basic stuff.http://www.businessinsider.com/c/53e8e099eab8eacf2acb91bdJJJJMon, 11 Aug 2014 11:26:17 -0400http://www.businessinsider.com/c/53e8e099eab8eacf2acb91bd
That is how Americans see the world.http://www.businessinsider.com/c/53e8e076eab8ea2e29cb91bfJJJJMon, 11 Aug 2014 11:25:42 -0400http://www.businessinsider.com/c/53e8e076eab8ea2e29cb91bf
They've already arranged substitutes from South America and elsewhere.http://www.businessinsider.com/c/53e8d7faecad04575f35c063hjhjhjMon, 11 Aug 2014 10:49:30 -0400http://www.businessinsider.com/c/53e8d7faecad04575f35c063
Are you really this clueless, or is this how you see the world? It's like a child.http://www.businessinsider.com/c/53e8d7696bb3f7304d35c06aJJ-RMon, 11 Aug 2014 10:47:05 -0400http://www.businessinsider.com/c/53e8d7696bb3f7304d35c06a
Russia says the world:
I'm superpower, bitchez! Take me seriously, yo! I have the vision and ambition! I can chage the world!
World says to Russia:
You just a street thug with no brains and short dick, pretending to be somebody you're not!
Russia: Oh yeah? So listen to me motherf**ers! I will kick ass of my neighborhood until you will take me seriosly!http://www.businessinsider.com/c/53e8d5d4ecad046c5835c05ehytterMon, 11 Aug 2014 10:40:20 -0400http://www.businessinsider.com/c/53e8d5d4ecad046c5835c05e
It's not all western countries, only those that impose sanctions on Russia. There are plenty of countries to import food from for Russia. I just read of a major deal between Russia and Brazil.http://www.businessinsider.com/c/53e8d543eab8eae402cb91bdyyyyMon, 11 Aug 2014 10:37:55 -0400http://www.businessinsider.com/c/53e8d543eab8eae402cb91bd
If you by "The world" mean US media, then yea, "the world" now hates Russia.http://www.businessinsider.com/c/53e8d44c6da8110211273a38patchyfogMon, 11 Aug 2014 10:33:48 -0400http://www.businessinsider.com/c/53e8d44c6da8110211273a38
Russia places sanctions on Western food imports, seems logical to me that Russia wants/needs the agricultural resources of the Ukraine even more. Sign of things to come?http://www.businessinsider.com/c/53e8d41b6bb3f7b03c35c06bJohnTTMon, 11 Aug 2014 10:32:59 -0400http://www.businessinsider.com/c/53e8d41b6bb3f7b03c35c06b
No one believes me? That's a bit odd considering how easy it is to verify the fact that Russia has a growing middle class :)http://www.businessinsider.com/c/53e8d1a06da8113903273a38dbcooper235Mon, 11 Aug 2014 10:22:24 -0400http://www.businessinsider.com/c/53e8d1a06da8113903273a38
Yes, commenter pretending to be JohnTT. Those are all definitely real things that happened and not fantasies invented in the Kremlin. Just sit back and let the nice men inject some chemicals into your brain.http://www.businessinsider.com/c/53e8cedb6bb3f7342e35c05eUltimate PasswordMon, 11 Aug 2014 10:10:35 -0400http://www.businessinsider.com/c/53e8cedb6bb3f7342e35c05e
You keep your Polish dream to yourself :)
Do you want an apple?http://www.businessinsider.com/c/53e8ce6b69bedd2a5aa02e9fKentMon, 11 Aug 2014 10:08:43 -0400http://www.businessinsider.com/c/53e8ce6b69bedd2a5aa02e9f
The US is a nation of idiots, bullying assholes who don't manufacture anything but military arms and war exports and continually invade smaller, weaker countries for its own beneift. Time to cut the Americans and their rat faced presidents completely off the civilized world.
There, fixed.http://www.businessinsider.com/c/53e8cc946bb3f7782635c05eJJJJMon, 11 Aug 2014 10:00:52 -0400http://www.businessinsider.com/c/53e8cc946bb3f7782635c05e
Fair enough.
Though, if Russia is Puny, then why is Business Insider on a 10-15 stories per day Jihad against the Federation?http://www.businessinsider.com/c/53e8cc2969beddeb58a02e99BusterMon, 11 Aug 2014 09:59:05 -0400http://www.businessinsider.com/c/53e8cc2969beddeb58a02e99
Correct English please! "It's role in describing . . ." It should be "Its role in describing . . . "http://www.businessinsider.com/c/53e8cb93ecad04952f35c063JohnTTMon, 11 Aug 2014 09:56:35 -0400http://www.businessinsider.com/c/53e8cb93ecad04952f35c063
Eh? Russian middle class has been growing steadily under Putin, I'm not saying it's thanks to him, but fact is that it has. It has almost been growing as much as the American middle class has been declining...funny coincidence, don't you think? :)http://www.businessinsider.com/c/53e8ca6c69bedd6f42a02eabJohnTTMon, 11 Aug 2014 09:51:40 -0400http://www.businessinsider.com/c/53e8ca6c69bedd6f42a02eab
Do you make odd stuff up as you go or where do you get it from?http://www.businessinsider.com/c/53e8c8eb6bb3f7570f35c063crusader70Mon, 11 Aug 2014 09:45:15 -0400http://www.businessinsider.com/c/53e8c8eb6bb3f7570f35c063
I know! When did the United States ever indulge in wacky and ultimately disastrous covert activity that blew back on itself and the rest of the world.http://www.businessinsider.com/c/53e8c8c86bb3f7631835c05eJohnTTMon, 11 Aug 2014 09:44:40 -0400http://www.businessinsider.com/c/53e8c8c86bb3f7631835c05e
Using my name to say stupid crap. That's great and you are really acting like a grown-up....http://www.businessinsider.com/c/53e8c76669bedddb3fa02e9dMr CrossMon, 11 Aug 2014 09:38:46 -0400http://www.businessinsider.com/c/53e8c76669bedddb3fa02e9d
Bloomberg says there's a 0.5% drop in production, 14% increase in interest rates, a 2.5 year low in German order rates and significant decline in demand for several goods in Germany, yet Business Insider says it's all hunky-dory if Russia goes down because Russia "only" contributes approx. 3% of global GDP?
There's one thing to be a political propagandist and an entirely different thing to be an economist. Even a secondary school student understands what the Multiplier Effect can do within a continent, and the impact of economic interdependence. Wearing a suit and writing on a website does not make one an analyst. Writing and analysing impartial, economic facts to attain unbiased information does. Not everyone who comes on this website is a fool.http://www.businessinsider.com/c/53e8c4ee6da8116443273a36dbcooper235Mon, 11 Aug 2014 09:28:14 -0400http://www.businessinsider.com/c/53e8c4ee6da8116443273a36
Yup, we're the ones creating propaganda. Not the people claiming that Ukraine secretly shot down that plane or that the CIA and Israel secretly trained agents in Poland to organize the protests in Kiev. That stuff is totally realistic and DEFINITELY NOT crazy.http://www.businessinsider.com/c/53e8c41769bedd1631a02e9calan77Mon, 11 Aug 2014 09:24:39 -0400http://www.businessinsider.com/c/53e8c41769bedd1631a02e9c
And the USA is a big bully that likes to throw it's weight about.
The bigger they are the harder they fall.http://www.businessinsider.com/c/53e8bf0a6bb3f7756535c063JohnTTMon, 11 Aug 2014 09:03:06 -0400http://www.businessinsider.com/c/53e8bf0a6bb3f7756535c063
....
That kind of rhetoric is getting a bit old and predictable, don't you think? I'm sure you have a brain that is capable of more constructive and reasonable thinkinghttp://www.businessinsider.com/c/53e8bcfc6da811ff17273a38pontiusMon, 11 Aug 2014 08:54:20 -0400http://www.businessinsider.com/c/53e8bcfc6da811ff17273a38
Sam,
This was the most groundbreaking and insightful and courageous reporting I've ever read! There's another rumor: Russia is Bad. I can't wait for can't wait to read what ole bulldog Sam, super ace reporter uncovers about that. Is Russia bad? Ace reporter Sam Ro will get to the bottom of it, you can bet on it.http://www.businessinsider.com/c/53e8b84b6da811ff7d273a38JohnTTMon, 11 Aug 2014 08:34:19 -0400http://www.businessinsider.com/c/53e8b84b6da811ff7d273a38
Except China knows they are next in line and are also turning away from the Dollar. And then "puny" Russia starts to matter.http://www.businessinsider.com/c/53e8b7c16da811ed7c273a3aJohnTTMon, 11 Aug 2014 08:32:01 -0400http://www.businessinsider.com/c/53e8b7c16da811ed7c273a3a
Yea. And I think the people of Europe are slowly waking up to the fact that Washington's aggressive stance toward Russia is not in their best interest.http://www.businessinsider.com/c/53e8b7bdecad04ac5535c060JayJKMon, 11 Aug 2014 08:31:57 -0400http://www.businessinsider.com/c/53e8b7bdecad04ac5535c060
Russia ain't "puny" but it is not that big either. i.e. it is big enough to have an impact on other economies but is nowhere near big enough to have an crippling effect. It's like bad weather can impact business but not that much.
In the case of Greece (and Italy), they matter even less, but the world and MSM paid a big attention because the concern was with the viability of EU, not those individual countries.http://www.businessinsider.com/c/53e8b72eeab8ea7f7ccb91beMore Russia Bashing (YAWN)Mon, 11 Aug 2014 08:29:34 -0400http://www.businessinsider.com/c/53e8b72eeab8ea7f7ccb91be
Bloomberg tells a different story: <a href="http://www.bloomberg.com/news/2014-08-10/german-economy-backbone-bending-from-lost-russia-sales.html" target="_blank" rel="nofollow" >http://www.bloomberg.com/news/2014-08-10/german-economy-backbone-bending-from-lost-russia-sales.html</a>http://www.businessinsider.com/c/53e8b6ee69bedda37ca02e99depressionMon, 11 Aug 2014 08:28:30 -0400http://www.businessinsider.com/c/53e8b6ee69bedda37ca02e99
I would be worried because russia is an energy exporter ....
With the middle east going up in flame and Russia possibly getting ready to shut the spigot off people should be concerned about rising energy costs ..http://www.businessinsider.com/c/53e8b4a76bb3f7cb3735c060You've got EU states stallingMon, 11 Aug 2014 08:18:47 -0400http://www.businessinsider.com/c/53e8b4a76bb3f7cb3735c060
Because of sanctions on Russia and you keep saying Russia is puny.
European companies doing business in Russia are being sanctioned via political and financial uncertainty, you've got a possible gas standoff with Ukraine's PM saying they might stop gas transit, you name it.
When Greece went broke after trying to cover up its fiscal debacle with buying Goldman's crappy derivatives MSM hyped it up like no tomorrow.
When Italy was in trouble with it's yields spiking - everyone and their brother freaked out. Now you tryo to seize up Russia by its GDP and say its negligible. Sure it is - in your "watch me blow hard another Russia-is-puny-a-pariah state article". These so-called "analysts" are there to peddle their "analysis" but when push comes to shove (i.e. - rates going up in developed world and the drag on growth) they can't predict their way out of a wet paper bag. Wake us up when something a bit more contrarian and insightful comes up.http://www.businessinsider.com/c/53e8ad496da811f146273a38JohnTTMon, 11 Aug 2014 07:47:21 -0400http://www.businessinsider.com/c/53e8ad496da811f146273a38
Sigh...
I wonder when the propaganda becomes to much for even the Americans? It's bound to happen isn't it? Or can you just keep going?